NNPC Poised To Start Making Profit

The Nigerian National Petroleum Corporation (NNPC), yesterday, stated that its ongoing restructuring was designed to reposition its operations and refineries to start making profit.

In a statement issued after an interactive session with the top management of the Corporation in Abuja, NNPC disclosed that it is poised to ensure that all its refineries are run efficiently and profitably to meet the energy needs of the country.

Speaking at the forum, Group Managing Director of the NNPC, Mr. Emmanuel Kachikwu, stated that the days when the Corporation was perceived as a civil service organization instead of a Corporation were over. He, therefore, solicited the support of the management of the NNPC and its subsidiaries in closing the skills gap and in turning the fortunes of the Corporation around. He promised to also create a conducive working environment for members of staff to boost their morale.

Commenting on claims that it was pursuing an ethnic agenda, the NNPC disclosed that its recent appointments and retirement were done with the approval of President Muhammadu Buhari and in compliance with federal character principles.

“The NNPC has decried attempts by a section of the media to politicise the recent appointments and retirements in the Corporation by imputing ethnic colouration to the exercise.

“The appointments were made with the express approval of President Muhammadu Buhari and in compliance with extant laws regarding federal character, while the retirement exercise affected all those who were to retire between now and 2016 without any regard to ethnicity or state of origin.

“The recent appointments, promotions, and retirements are all a part of the ongoing restructuring exercise aimed at repositioning the Corporation into a lean, efficient, profit-driven organization in line with international best practices without regard to primordial sentiments,” the corporation said.

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nnpc, profit, restructuring of NNPC

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